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Full-Text Articles in Social and Behavioral Sciences
Identification By Disaggregation, Matthew J. Cushing, Mary G. Mcgarvey
Identification By Disaggregation, Matthew J. Cushing, Mary G. Mcgarvey
Department of Economics: Faculty Publications
Standard economic theory predicts that the actions of individual participants in competitive markets have negligible effects on market-determined aggregates. Applied researchers, and even some econometric textbooks, incorrectly infer from this that market prices can be modeled as econometrically exogenous with respect to the quantity demanded of an individual consumer. This faulty inference has even led some researchers (for example, Robert Engle, 1978; Nicholas Kiefer, 1984; Roger Waud, 1974) to employ an estimation strategy we call identification by disaggregation (IBD). This procedure attempts to circumvent the simultaneity problem in a macro regression by disaggregating the dependent variable and estimating the relationship …
Ambassador Clayton Yeutter United States Trade Representative Address To The World Economic Forum Geneva, Switzerland December 6, 1985, Clayton K. Yeutter
Ambassador Clayton Yeutter United States Trade Representative Address To The World Economic Forum Geneva, Switzerland December 6, 1985, Clayton K. Yeutter
Clayton K. Yeutter, U.S. Secretary of Agriculture Papers
I'm very pleased that e World Economic Forum has provided me with my first opportunity to address a European audience since becoming the United states Trade Representative on July 1. As you know, I had hoped to be here sooner, in September, but had to cancel that trip when President Reagan decided to take some tough new trade actions on September 7.
Ambassador Clayton Yeutter United States Trade Representative Foreign Correspondents Club Tokyo, Japan August 13, 1985, Clayton K. Yeutter
Ambassador Clayton Yeutter United States Trade Representative Foreign Correspondents Club Tokyo, Japan August 13, 1985, Clayton K. Yeutter
Clayton K. Yeutter, U.S. Secretary of Agriculture Papers
It's a pleasure to be here in Japan for my first major overseas trip since becoming U.S. Trade Representative on July 1. I have been hoping that my first major speech outside the United States would be in Japan. Thanks to the kind invitation of the Foreign Correspondents Club, that hope is now being realized.